Compare Reverse Mortgage Specialists in Ashburn, VA
Looking for a reverse mortgage specialist in Ashburn? Review the directory below to compare your options.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Virginia before hiring.
Showing 19 reverse mortgage specialists in Ashburn, VA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a Reverse Mortgage Specialist in Ashburn Cost?
Reverse mortgage specialists in Virginia typically charge an origination fee of up to 2 percent of the home value with a cap of 6 thousand dollars. Third-party costs such as appraisal title insurance and recording fees usually range from 2 thousand to 5 thousand dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. Annual mortgage insurance premiums are 0.5 percent of the loan balance. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the age requirements for a reverse mortgage in Ashburn Virginia?
You must be at least 62 years old to qualify for a reverse mortgage in Virginia. All borrowers listed on the title must meet this age requirement. Spouses under 62 may have limited protections under certain HECM loan types.
Do I need to own my home free and clear to get a reverse mortgage in Ashburn?
No you do not need to own your home free and clear. You can use a reverse mortgage to pay off an existing mortgage balance. The amount you can borrow depends on your age the home value and current interest rates.
What counseling is required for a reverse mortgage in Virginia?
Virginia law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must occur before you submit your loan application. The counselor explains loan terms costs and alternatives like selling the home or a home equity line of credit.